Somewhat Favorable Press Coverage Somewhat Unlikely to Impact ABM Industries (ABM) Stock Price
Media stories about ABM Industries (NYSE:ABM) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ABM Industries earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 45.9351632207186 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- ABM to Aid Pennsylvania Schools Save $26.4M in Energy Costs (finance.yahoo.com)
- ABM Saves Connellsville Area School District $26.4 Million in Operating Costs (finance.yahoo.com)
- Form 4 ABM INDUSTRIES INC /DE/ For: Nov 06 Filed by: CHIN DEAN A (streetinsider.com)
- Form 4 ABM INDUSTRIES INC /DE/ For: Nov 06 Filed by: Gartland Thomas M (streetinsider.com)
- ABM Industries Incorporated (ABM) Raised to Hold at Zacks Investment Research (americanbankingnews.com)
Several research analysts have weighed in on ABM shares. Zacks Investment Research upgraded ABM Industries from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Monday, July 17th. KeyCorp upgraded ABM Industries from a “sector weight” rating to an “overweight” rating and set a $48.00 price target for the company in a research note on Monday, September 11th. BidaskClub upgraded ABM Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Robert W. Baird restated an “outperform” rating and issued a $47.00 price target (down from $49.00) on shares of ABM Industries in a research note on Thursday, July 13th. Finally, Sidoti upgraded ABM Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $49.00 to $55.00 in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $48.20.
Shares of ABM Industries (ABM) traded up $0.04 on Friday, hitting $40.05. The stock had a trading volume of 34,849 shares, compared to its average volume of 320,347. The stock has a market cap of $2,618.46, a PE ratio of 21.27 and a beta of 0.81. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.27. ABM Industries has a twelve month low of $37.12 and a twelve month high of $45.12.
ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. ABM Industries had a net margin of 0.29% and a return on equity of 11.37%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. analysts expect that ABM Industries will post 1.85 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 6th. Investors of record on Thursday, October 5th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, October 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.70%. ABM Industries’s dividend payout ratio (DPR) is presently 251.86%.
In related news, insider Scott J. Giacobbe sold 11,094 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $39.92, for a total transaction of $442,872.48. Following the completion of the transaction, the insider now directly owns 59,152 shares in the company, valued at approximately $2,361,347.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Dean A. Chin sold 880 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $42.90, for a total value of $37,752.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact ABM Industries (ABM) Stock Price” was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/11/10/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-abm-industries-abm-stock-price.html.
About ABM Industries
ABM Industries Incorporated is a provider of integrated facility solutions. The Company operates through five segments: Janitorial, Facility Services, Parking, Building & Energy Solutions, and other. Its Janitorial segment provides a range of cleaning services for commercial office buildings, data centers, educational institutions, government buildings, health facilities, industrial buildings, retail stores, sport event facilities and transportation hubs.
Receive News & Ratings for ABM Industries Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABM Industries Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.